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Old Sep 15, 2008, 10:03 PM   #1
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Keeping The Peace
Join Date: Aug 2003
Location: United States Massachusetts
Posts: 1,260
PeaceKeeper is still being judged by the masses

Thumbs up Electronic Arts Abandons Take-Two Acquisition

After all EA cannot control the whole world of gaming.

Electronic Arts has abandoned its bid to acquire Take-Two Interactive. For the past six months Electronic Arts has been attempting to acquire its competitor. In February, Electronic Arts put forward a formal offer to acquire Take-Two Interactive in an all-cash merger valued at approximately $2.0 billion at $26 per share. Take-Two rejected that offer and all subsequent offers claiming the bids undervalued the value of the company. In August, Electronic Arts and Take-Two signed a confidentiality agreement after agreeing to hold private talks about a potential deal.

Source: DailyTech

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Last edited by PeaceKeeper : Sep 15, 2008 at 10:07 PM.
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